Algert Global LLC grew its position in shares of Toro Corp. (NASDAQ:TORO - Free Report) by 4,594.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 241,760 shares of the company's stock after purchasing an additional 236,610 shares during the quarter. Algert Global LLC owned approximately 1.13% of Toro worth $23,552,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the company. Group One Trading LLC purchased a new stake in Toro in the third quarter worth approximately $70,000. Citadel Advisors LLC purchased a new position in shares of Toro during the third quarter worth approximately $79,000. Alpine Woods Capital Investors LLC purchased a new position in shares of Toro during the second quarter worth approximately $235,000. Perigon Wealth Management LLC bought a new stake in shares of Toro in the 2nd quarter worth approximately $271,000. Finally, Citizens Financial Group Inc. RI purchased a new stake in shares of Toro in the 2nd quarter valued at $308,000. Institutional investors own 1.74% of the company's stock.
Analyst Ratings Changes
Several equities analysts recently commented on TORO shares. Weiss Ratings lowered shares of Toro from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday, July 30th. Wall Street Zen raised shares of Toro to a "hold" rating in a research note on Saturday, June 20th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of "Hold".
Read Our Latest Research Report on Toro
Toro Stock Performance
Shares of TORO stock opened at $6.11 on Tuesday. The company has a market capitalization of $131.21 million, a P/E ratio of 152.79 and a beta of 2.53. Toro Corp. has a fifty-two week low of $2.64 and a fifty-two week high of $8.50. The stock has a 50 day moving average price of $5.21 and a two-hundred day moving average price of $4.74.
Toro (NASDAQ:TORO - Get Free Report) last issued its earnings results on Thursday, May 28th. The company reported ($0.02) earnings per share (EPS) for the quarter. Toro had a return on equity of 2.49% and a net margin of 22.67%.The firm had revenue of $5.96 million during the quarter.
Toro Profile
(
Free Report)
Toro Corp., a shipping company, acquires, owns, charters, and operates oceangoing tanker vessels and provides seaborne transportation services for crude oil LPG, and refined petroleum products worldwide. The company operates in three segments: Aframax/LR2 Tanker, Handysize Tanker, and LPG Carrier. As of December 31, 2023, it operated a fleet of one Handysize tanker vessel; one Aframax/LR2 vessel; and four LPG carrier vessels with an aggregate cargo carrying capacity of 0.1 million deadweight ton.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Toro, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Toro wasn't on the list.
While Toro currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The space race is growing fast, and you don’t have to have gotten in early on SpaceX to profit. This report shows seven space stocks you can buy today that may grow as rockets, satellites, defense, space internet, and new space technology become more important.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
